Coal blocks: Adani-led joint venture gets SC notice

Coal blocks: Adani-led joint venture gets SC notice

The Supreme Court on Tuesday sought response from Adani Enterprises-led joint venture Parsa Kente Collieries to a plea seeking deallocation of two coal blocks in Chhattisgarh and filing of a criminal case for violation of allotment agreement that caused financial loss to the exchequer.

The coal blocks in question are Parsa East and Kante Basan that were allotted in 2007 to Rajasthan Rajya Vidyut Utpadan Nigam, which chose Adani as the mine-developer and operator. Parsa Kente Collieries is a joint venture between Rajasthan Rajya Vidyut Utpadan Nigam and Adani Enterprises in which the latter has a majority stake of 74%.

A bench led by Justice M B Lokur issued notice to Parsa Kente Collieries on an application filed by a Chhattisgarh-based lawyer Sudiep Shrivastava alleging that the JV Read More

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